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donaldduckmoore
ParticipantFully understood, SD realtor, thanks for your explanation.
ParticipantBy the way, SD Realtor, is that specific property located at the NE section that you mentioned? Thanks.
ParticipantBy the way, SD Realtor, is that specific property located at the NE section that you mentioned? Thanks.
ParticipantHi SD Realtor,
I do not have a sense of northeast section of RP. Would you give me some example like cross street or something please. Thanks. Here is my email address: [email protected], thanks for your feedback.
ParticipantHi SD Realtor,
I do not have a sense of northeast section of RP. Would you give me some example like cross street or something please. Thanks. Here is my email address: [email protected], thanks for your feedback.
ParticipantI guess is rent will go up slightly. Although there are more homeowners have to rent their properties instead of selling, they cannot reduce their rent too much away from their mortgage meaning that they cannot really compete with the apartment complex or rental properties with appropriate market rate. If they have to cut the rent significantly, they better off to foreclose the properties than to rent out with excessive bleeding. As foreclosure goes up, these properties are not going to be rented out immediately, and there should not be any cooling effects on rent by foreclosing homes. I predict that the rental market is pretty much stable yet a slight increase.
ParticipantI guess is rent will go up slightly. Although there are more homeowners have to rent their properties instead of selling, they cannot reduce their rent too much away from their mortgage meaning that they cannot really compete with the apartment complex or rental properties with appropriate market rate. If they have to cut the rent significantly, they better off to foreclose the properties than to rent out with excessive bleeding. As foreclosure goes up, these properties are not going to be rented out immediately, and there should not be any cooling effects on rent by foreclosing homes. I predict that the rental market is pretty much stable yet a slight increase.
ParticipantSDR,
Thanks for the info. I got info of Deron property from zillow. Maybe the info is not accurate. Anyway, I have another question. We saw a property on 13043 VIA DEL VALEDOR. We are kind of in the middle of thinking about offering. How is the area there? Safe or not? How come home price over that side is so much lower than other areas in RP?
ParticipantSDR,
Thanks for the info. I got info of Deron property from zillow. Maybe the info is not accurate. Anyway, I have another question. We saw a property on 13043 VIA DEL VALEDOR. We are kind of in the middle of thinking about offering. How is the area there? Safe or not? How come home price over that side is so much lower than other areas in RP?
ParticipantI am sure you can sue the owner and the inspector along the way if you found out that they missed something major in the inspection and the owner did not disclose to you.
ParticipantI am sure you can sue the owner and the inspector along the way if you found out that they missed something major in the inspection and the owner did not disclose to you.
ParticipantHe is one of the economists at UCLA who predicts housing bubble 1 or 2 years ago. He has been following the housing trend for his career.
ParticipantHe is one of the economists at UCLA who predicts housing bubble 1 or 2 years ago. He has been following the housing trend for his career.
ParticipantHave banks really tightened their lending standards?
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